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March 5, 1998

ZTEST Electronics Inc. Company Update

TORONTO, ONTARIO--ZTEST Electronics Inc., ZTST - CDN, ("ZTEST") wishes to announce that it has arranged two (2) 100,000 units private placements. Each unit, priced at $1.55 per unit, will be comprised of one (1) common share and six-tenths (6/10) of a warrant with each full warrant entitling the private placees to purchase a further common share at $1.80 for six (6) months following the closing of the transactions.

These private placements will net ZTEST an aggregate of $310,000.00 to be applied to working capital.

ZTEST, in addition to its proprietary line of Automatic Test Equipment, offers strategic partner services in electronic design and manufacturing to emerging high tech companies in return for long-term manufacturing contracts together with a combination of fees and equity positions.

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